2687_00001RESOLUTION NO.2687
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
WATER/SEWER FUND 410 FROM THE WATERISEWER
CONSTRUCTION ACCOUNT 477
RECITALS:
1.The Water/Sewer Fund willreceive insurance reimbursement payments at a later date.
2.The present cash balance is not sufficient tomeet theexpenses of thisfund.
RESOLVED:
1.The Water/Sewer Construction Account477 shall loan $1,000,000to the Water/Sewer Fund #410,
2.The loaned funds shall be used to pay bills from the Water/Sewer Fund 410.
3.The loan shall be repaid tothe Water/Sewer Construction Account477 as insurance reimbursement
payments are received.
Adopted by the City Council on June 14,2005.
Ronald C.Covey,Mayo/
ATTEST:
O